American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120 million in cash at closing. California-based Verikai will continue …
Insurance technology provider Zywave has acquired Spokane, Wash.-based IBQ Systems, which offers personal and commercial lines comparative rating. No terms of the deal were disclosed. The acquisition expands Zywave’s inventory of carriers and its existing cloud-based personal lines comparative rater, …
Insurance systems and data firm Insurity announced it has acquired Bill It Now, a cloud-based billing-as-a-service for insurers, managing general agencies and program administrators. Bill It Now offers payment plan management and policy premium issuance, as well as multi-channel payment …
Two technology providers for managing general agency marketplace are merging their products and firms. MGA Systems Inc., a provider of software for MGAs and excess and surplus brokers, said it has executed a merger with NetRate Systems Inc., a commercial …
Acquisition further strengthens Insurity’s industry-leading data and analytics solutions, and will help insurers better select and manage risk, and respond to catastrophes Cloud services and data analytics firm Insurity, Inc., has acquired SpatialKey, Inc., which offers geospatial analytics, data enrichment …
Two French insurance technology firms, Prima Solutions and Effisoft, have merged. Effisoft is a Paris-based international group that designs software for insurance and reinsurance professionals. The group specializes in reinsurance operations and regulatory compliance with Solvency II. Prima Solutions provides …
Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost its North American insurance market share. Sapiens …
Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million in cash and stock. Cyence applies data science and …
Mercedes-Benz owner Daimler and supplier Robert Bosch are teaming up to develop self-driving cars in an alliance aimed at accelerating the production of “robo-taxis.” The pact between the world’s largest maker of premium cars and the world’s largest automotive supplier …
Intel Corp. will acquire Mobileye NV for about $15 billion, paying one of the highest takeover premiums this century to play catch-up in the market for technology that helps cars drive themselves. The U.S. chipmaker will pay $63.54 per share …
